THE EFFECT OF ZISWAF FUND RECEIPTS, GROSS NPF, AND MURABAHAH INCOME ON CAR WITH FIRM SIZE AS A MODERATION VARIABLE IN ISLAMIC BANKING IN INDONESIA PERIOD 2018.Q1-2023.Q3
Article Sidebar
Published
Sep 26, 2024
Main Article Content
Abstract
This study aims to determine the effect of Ziswaf Fund Revenue, Gross NPF, and Murabahah Income on Capital Adequacy Ratio (CAR) in Islamic banks in Indonesia, with Firm Size as a moderating variable. This study uses multiple regression analysis models to test the relationship between these variables. The results showed that Murabahah Income, Gross NPF, and Ziswaf Fund Revenue have a significant influence on CAR. Specifically, higher Murabahah Income and Ziswaf Fund Receipts are associated with lower CAR, while higher Gross NPF is associated with higher CAR. Furthermore, this study also examined the moderating effect of firm size on the relationship between these variables and CAR. The results show that the relationship between Murabahah Income and CAR is stronger in large firms, while the relationship between NPF Gross and CAR is stronger in small firms. In conclusion, this study contributes to understanding the relationship between Murabahah Income, Gross NPF, Ziswaf Fund Receipt, and CAR in Indonesian Islamic banks, providing insights for policy makers and stakeholders in the banking industry.
Article Details
How to Cite
AFIFA, Fania Eka Bella; BUDIANTO, Eka Wahyu Hestya.
THE EFFECT OF ZISWAF FUND RECEIPTS, GROSS NPF, AND MURABAHAH INCOME ON CAR WITH FIRM SIZE AS A MODERATION VARIABLE IN ISLAMIC BANKING IN INDONESIA PERIOD 2018.Q1-2023.Q3.
Proceedings of the International Conference of Islamic Economics and Business (ICONIES), [S.l.], v. 10, n. 1, p. 329-340, sep. 2024.
ISSN 2541-3333.
Available at: <http://conferences.uin-malang.ac.id/index.php/iconies/article/view/2942>. Date accessed: 25 nov. 2024.
Section
Articles
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
References
Amaliyana, A., & Suprayogi, N. (2022). The Meaning of Financial Statements for Donors of Zakat Management Organizations: A Descriptive Phenomenological Analysis. Descriptive Phenomenological Analysis. Equity, 25(2), 100–111. https://doi.org/10.34209/equ.v25i2.4958
Amelia, N., Rahmawati, R., Lismawati, L., & Khairi, R. (2023). THE URGENCY OF ZISWAF IN ECONOMIC DEVELOPMENT IN INDONESIA. SHARING: JOURNAL OF ISLAMIC ECONOMICS, MANAGEMENT AND BUSINESS, 2(2), 157–168. https://doi.org/10.31004/sharing.v2i2.23408
Andriyani, M. (2021). THE INFLUENCE OF MURABAHAH, CAR, AND DPK ON MAQASID SHARIA WITH NPF AS MODERATING. Ecobis Journal: Business Economics & Management, 11(2), 224–239. https://doi.org/10.37932/j.e.v11i2.382
Angela, C., & Iskak, J. (2020). The effect of profitability, leverage, growth opportunities, and firm size on earning response coefficient. Journal of Accounting Paradigm, 2(3), 1286. https://doi.org/10.24912/jpa.v2i3.9556
Bastiar, Y., & Bahri, E. S. (2019). Model of Measuring the Performance of Zakat Institutions in Indonesia. ZISWAF: Journal of Zakat and Waqf, 6(1), 43. https://doi.org/10.21043/ziswaf.v1i1.5609
Budianto, E. W. H., & Dewi, N. D. T. (2023). Mapping of Capital Adequacy Ratio (CAR) Ratio Research in Islamic and Conventional Banking: A Bibliometric Study of VOSviewer and Literature Review. Journal of Accounting, Finance, Taxation, and Auditing (JAFTA), 4(2), 32–53. https://doi.org/10.28932/jafta.v4i2.7650
Damayanti, S. (2020). Profitability: Impact of non-performing financing and Murabahah margin income. Accurate Scientific Journal of Accounting, 11(3), 131–143.
Fatoni, A. (2022). The Influence of Financing Restructuring Policies, Bank Size, Non-Performing Financing, and Gross Domestic Product on Islamic Banking Stability in Indonesia: Empirical Evidence in the Midst of the Covid-19 Pandemic. Scientific Journal of Economics and Business, 19(2), 140-148. https://doi.org/10.31849/jieb.v19i2.7124
Handayani, K., Nurmalasari, N., Anna, A., & Latifah, L. (2020). The information system for the management of ziswaf (zakat, infaq, shadaqah and waqaf) is web-based. Journal of Equator Informatics, 8(2). https://doi.org/10.31294/jki.v8i2.9174
Hanizar, H. (2021). The Effect of Capital Adequacy Ratio (CAR), Return on Assets (ROA), and Non-Pperforming Financing (NPF) on Mudharabah Financing at Bank BCA Syariah in 2010-2020. FEB Student Scientific Journal, 10(1).
Hidayati, lina nur. (2015). The Effect of Capital Adequacy on Profitability. Journal of Management Science, 12, 38–50.
Ismaulina, I., Wulansari, A., & Safira, M. (2021). Capital Adequacy Ratio (Car) and Factors Influencing it in Bank Syariah Mandiri (Period March 2012 - March 2019). I-Finance: A Research Journal on Islamic Finance, 6(2), 168–184. https://doi.org/10.19109/ifinance.v6i2.5168
Ismaulina, Wulansari, A., & Safira, M. (2020). Capital Adequacy Ratio (CAR) and Influencing Factors in Mandiri Syariah Bank. I-FINANCE: A Reaserch Journal on Islamic Finance, 06(02), 168–184. http//jurnal.radenfatah.ac.id/index.php/i-finance
Jaya, S. (2020). The Effect of Firm Size and Profitability (ROA) on Firm Value in Property and Real Estate Sub-Sector Companies on the Indonesia Stock Exchange (IDX). Journal of Motivation Management, 16(1), 38. https://doi.org/10.29406/jmm.v16i1.2136
Katharina, N., Novita, N., Prima Indonesia, U., & Id, N. A. (2022). The Effect Of CAR, FDR, NPF and Firm Size On The Profitability Of Sharia Commercial Banks In Indonesia (Period Of 2018-2020) The Effect Of CAR, FDR, NPF and Firm Size on the Profitability of Sharia Commercial Banks in Indonesia (Period of 2018-2020). Management Studies and Entrepreneurship Journal, 3(2), 680–691. http://journal.yrpipku.com/index.php/msej
Lestari, S. (2020). The Effect of Murabahah Financing on Murabahah Margin Income at PT. Bank Syariah Mandiri for the 2016-2018 Period. Nahdatul Iqtishadiyah: Journal of Sharia Banking. https://ejournal.stai-br.ac.id/index.php/NAHDATULIQTISHADIYAH/article/view/37%0Ahttps://ejournal.stai-br.ac.id/index.php/nahdatuliqtishadiyah/article/download/37/28
Lubis, M. Rajab. (2016). Analysis of the Influence of Capital Adequacy Ratio (CAR), Rupiah Exchange Rate, Non-Performing Financing, and Murabahah Financing, on the Profitability of Islamic Banking in Indonesia. Revista Brasileira de Linguística Aplicada, 5(1), 1689–1699.
Mahdi, F. M. (2021). Comparison of the Financial Performance of Indonesian Islamic Banking with Malaysia. Revenue Journal: Scientific Journal of Accounting, 2(1), 83–90. https://doi.org/10.46306/rev.v2i1.47
Marzani, D., Fuad, Z., & Dianah, A. (2021). Analysis of the Influence of Murabahah Financing on the Development of Micro, Small and Medium Enterprises (Study on Sharia Cooperatives of Mitra Niaga Lambaro). Sharia Ecobi, 3(1), 13. https://doi.org/10.22373/ekobis.v3i1.10036
Monoarfa, A., Murni, S., & Untu, V. N. (2020). Factors Affecting ROA Case Study on Sharia Commercial Banks Listed on the IDX 2014-2019. EMBA Journal: Journal of Economics, Management, Business and Accounting Research of Sam Ratulangi University Manado, 8(3), 389–399.
Nugroho, F., & Widiastuti, T. (2016). Factors That Contribute To the Number of Zakat Funds Received At Zakat Institutions in the City Of Surabaya. 295–310.
Nuha, U., Setiawan, A., & Indriani, A. (2016). The Effect of Third Party Funds (DPK), Capital Adequacy Ratio (CAR), and Non-Performing Financing (NPF) on the Profitability of Sharia Banks with Financing as an Intervening Variable. 5(2009), 1–11.
Oktaviani, S. A., & Fatah, D. A. (2022). Analysis of the Influence of Zakat Literacy, Income and Altruism on Muzakki's Decision to Pay Professional Zakat through Zakat Institutions with Transparency as a Moderating Variable (Study on Muzakki DKI Jakarta). Account, 9(2). https://doi.org/10.32722/account.v9i2.4689
Pratiwi, Y. I., & Nabila, R. (2022). The Effect of DPK, CAR, and FDR on Murabahah Financing with ROA as a Moderating Variable. MALIA: Journal of Islamic Banking and Finance, 6(1), 72. https://doi.org/10.21043/malia.v6i1.13369
Putri, A., & Wirman, W. (2021). The Effect of CAR, ROA and NPF on Murabahah Financing. COMPETITIVE Journal of Accounting and Finance, 5(2), 83. https://doi.org/10.31000/competitive.v5i2.4237
Putri, M. K., & Indrarini, R. (2023). The Effect of Company Size, NPF, FDR, and CAR on Profitability in Sharia Banks in Indonesia. Journal of Mirai Management, 8(2), 602–613.
Rachman, A., Mandiri, D. P., Astuti, W., & Arkoyah, S. (2022). Challenges in the Development of Islamic Banking in Indonesia. Journal of Tabarru': Islamic Banking and Finance, 5(2), 355.
Rahman, R. M. (2020). Optimizing Ziswaf as an Alternative Solution for Food Security in Times of Crisis. Kasaba: Journal of Islamic Economics, 13(2), 108–121. http://ejournal.uika-bogor.ac.id/index.php/KASABA
Ramadhani, I., & Ekawaty, M. (2018). Analysis of the Influence of FDR, CAR, NPF, and BOPO on the Profitability of Sharia Banks in Indonesia (Case Study of Mandiri Sharia Banks for the 2008-2017 Period). Scientific Journal, 1(1), 1–13.
Ridwan, R., Sugianto, S., & Setyawati, E. (2021). The Effect of TPF, NPF and Fee Based Income on the Profitability of Islamic Banks with Financing as an Intervening Variable. Budapest International Research and Critics Institute (BIRCI-Journal): Humanities and Social Sciences, 4(2), 1758–1771. https://doi.org/10.33258/birci.v4i2.1849
Saputri, I. W., & Arinta, Y. N. (2022). The Influence of Car, Nom and Murabahah Financing on the Financial Performance of Sharia Commercial Banks with Company Size as a Moderating Variable. Journal of Masharif Al-Syariah: Journal of Sharia Economics and Banking, 7(1), 231–252.
Satria, D. I., & Saputri, H. (2016). The Effect of Murabahah, Mudharabah and Musharakah Income on Return on Equity of PT Bank Syariah Mandiri. Journal of Visionary & Strategis, 5(2), 1–16. www.syariahmandiri.co.id
Septianah, A. D., & Vahlevi, D. R. L. (2021). Analysis of the Procedure for Receiving and Disbursing Zakat Infaq Shodaqoh and Waqf (Ziswaf) Funds at the Yatim Mandiri Cab Foundation. PALEMBANG. Ico Edusha, 02, 533–543.
Yokoyama, E. P., & Mahardika, D. P. K. (2019). The Effect of Non-Performing Financing (NPF), Return On Asset (ROA), and Financing to Deposit Ratio (FDR) on Capital Adequacy Ratio (CAR) (Case Study on Sharia Commercial Banks in Indonesia Registered with the Financial Services Authority). Jimea, 3(2), 28–44. https://doi.org/10.31955/mea.vol3.iss2.pp
Amelia, N., Rahmawati, R., Lismawati, L., & Khairi, R. (2023). THE URGENCY OF ZISWAF IN ECONOMIC DEVELOPMENT IN INDONESIA. SHARING: JOURNAL OF ISLAMIC ECONOMICS, MANAGEMENT AND BUSINESS, 2(2), 157–168. https://doi.org/10.31004/sharing.v2i2.23408
Andriyani, M. (2021). THE INFLUENCE OF MURABAHAH, CAR, AND DPK ON MAQASID SHARIA WITH NPF AS MODERATING. Ecobis Journal: Business Economics & Management, 11(2), 224–239. https://doi.org/10.37932/j.e.v11i2.382
Angela, C., & Iskak, J. (2020). The effect of profitability, leverage, growth opportunities, and firm size on earning response coefficient. Journal of Accounting Paradigm, 2(3), 1286. https://doi.org/10.24912/jpa.v2i3.9556
Bastiar, Y., & Bahri, E. S. (2019). Model of Measuring the Performance of Zakat Institutions in Indonesia. ZISWAF: Journal of Zakat and Waqf, 6(1), 43. https://doi.org/10.21043/ziswaf.v1i1.5609
Budianto, E. W. H., & Dewi, N. D. T. (2023). Mapping of Capital Adequacy Ratio (CAR) Ratio Research in Islamic and Conventional Banking: A Bibliometric Study of VOSviewer and Literature Review. Journal of Accounting, Finance, Taxation, and Auditing (JAFTA), 4(2), 32–53. https://doi.org/10.28932/jafta.v4i2.7650
Damayanti, S. (2020). Profitability: Impact of non-performing financing and Murabahah margin income. Accurate Scientific Journal of Accounting, 11(3), 131–143.
Fatoni, A. (2022). The Influence of Financing Restructuring Policies, Bank Size, Non-Performing Financing, and Gross Domestic Product on Islamic Banking Stability in Indonesia: Empirical Evidence in the Midst of the Covid-19 Pandemic. Scientific Journal of Economics and Business, 19(2), 140-148. https://doi.org/10.31849/jieb.v19i2.7124
Handayani, K., Nurmalasari, N., Anna, A., & Latifah, L. (2020). The information system for the management of ziswaf (zakat, infaq, shadaqah and waqaf) is web-based. Journal of Equator Informatics, 8(2). https://doi.org/10.31294/jki.v8i2.9174
Hanizar, H. (2021). The Effect of Capital Adequacy Ratio (CAR), Return on Assets (ROA), and Non-Pperforming Financing (NPF) on Mudharabah Financing at Bank BCA Syariah in 2010-2020. FEB Student Scientific Journal, 10(1).
Hidayati, lina nur. (2015). The Effect of Capital Adequacy on Profitability. Journal of Management Science, 12, 38–50.
Ismaulina, I., Wulansari, A., & Safira, M. (2021). Capital Adequacy Ratio (Car) and Factors Influencing it in Bank Syariah Mandiri (Period March 2012 - March 2019). I-Finance: A Research Journal on Islamic Finance, 6(2), 168–184. https://doi.org/10.19109/ifinance.v6i2.5168
Ismaulina, Wulansari, A., & Safira, M. (2020). Capital Adequacy Ratio (CAR) and Influencing Factors in Mandiri Syariah Bank. I-FINANCE: A Reaserch Journal on Islamic Finance, 06(02), 168–184. http//jurnal.radenfatah.ac.id/index.php/i-finance
Jaya, S. (2020). The Effect of Firm Size and Profitability (ROA) on Firm Value in Property and Real Estate Sub-Sector Companies on the Indonesia Stock Exchange (IDX). Journal of Motivation Management, 16(1), 38. https://doi.org/10.29406/jmm.v16i1.2136
Katharina, N., Novita, N., Prima Indonesia, U., & Id, N. A. (2022). The Effect Of CAR, FDR, NPF and Firm Size On The Profitability Of Sharia Commercial Banks In Indonesia (Period Of 2018-2020) The Effect Of CAR, FDR, NPF and Firm Size on the Profitability of Sharia Commercial Banks in Indonesia (Period of 2018-2020). Management Studies and Entrepreneurship Journal, 3(2), 680–691. http://journal.yrpipku.com/index.php/msej
Lestari, S. (2020). The Effect of Murabahah Financing on Murabahah Margin Income at PT. Bank Syariah Mandiri for the 2016-2018 Period. Nahdatul Iqtishadiyah: Journal of Sharia Banking. https://ejournal.stai-br.ac.id/index.php/NAHDATULIQTISHADIYAH/article/view/37%0Ahttps://ejournal.stai-br.ac.id/index.php/nahdatuliqtishadiyah/article/download/37/28
Lubis, M. Rajab. (2016). Analysis of the Influence of Capital Adequacy Ratio (CAR), Rupiah Exchange Rate, Non-Performing Financing, and Murabahah Financing, on the Profitability of Islamic Banking in Indonesia. Revista Brasileira de Linguística Aplicada, 5(1), 1689–1699.
Mahdi, F. M. (2021). Comparison of the Financial Performance of Indonesian Islamic Banking with Malaysia. Revenue Journal: Scientific Journal of Accounting, 2(1), 83–90. https://doi.org/10.46306/rev.v2i1.47
Marzani, D., Fuad, Z., & Dianah, A. (2021). Analysis of the Influence of Murabahah Financing on the Development of Micro, Small and Medium Enterprises (Study on Sharia Cooperatives of Mitra Niaga Lambaro). Sharia Ecobi, 3(1), 13. https://doi.org/10.22373/ekobis.v3i1.10036
Monoarfa, A., Murni, S., & Untu, V. N. (2020). Factors Affecting ROA Case Study on Sharia Commercial Banks Listed on the IDX 2014-2019. EMBA Journal: Journal of Economics, Management, Business and Accounting Research of Sam Ratulangi University Manado, 8(3), 389–399.
Nugroho, F., & Widiastuti, T. (2016). Factors That Contribute To the Number of Zakat Funds Received At Zakat Institutions in the City Of Surabaya. 295–310.
Nuha, U., Setiawan, A., & Indriani, A. (2016). The Effect of Third Party Funds (DPK), Capital Adequacy Ratio (CAR), and Non-Performing Financing (NPF) on the Profitability of Sharia Banks with Financing as an Intervening Variable. 5(2009), 1–11.
Oktaviani, S. A., & Fatah, D. A. (2022). Analysis of the Influence of Zakat Literacy, Income and Altruism on Muzakki's Decision to Pay Professional Zakat through Zakat Institutions with Transparency as a Moderating Variable (Study on Muzakki DKI Jakarta). Account, 9(2). https://doi.org/10.32722/account.v9i2.4689
Pratiwi, Y. I., & Nabila, R. (2022). The Effect of DPK, CAR, and FDR on Murabahah Financing with ROA as a Moderating Variable. MALIA: Journal of Islamic Banking and Finance, 6(1), 72. https://doi.org/10.21043/malia.v6i1.13369
Putri, A., & Wirman, W. (2021). The Effect of CAR, ROA and NPF on Murabahah Financing. COMPETITIVE Journal of Accounting and Finance, 5(2), 83. https://doi.org/10.31000/competitive.v5i2.4237
Putri, M. K., & Indrarini, R. (2023). The Effect of Company Size, NPF, FDR, and CAR on Profitability in Sharia Banks in Indonesia. Journal of Mirai Management, 8(2), 602–613.
Rachman, A., Mandiri, D. P., Astuti, W., & Arkoyah, S. (2022). Challenges in the Development of Islamic Banking in Indonesia. Journal of Tabarru': Islamic Banking and Finance, 5(2), 355.
Rahman, R. M. (2020). Optimizing Ziswaf as an Alternative Solution for Food Security in Times of Crisis. Kasaba: Journal of Islamic Economics, 13(2), 108–121. http://ejournal.uika-bogor.ac.id/index.php/KASABA
Ramadhani, I., & Ekawaty, M. (2018). Analysis of the Influence of FDR, CAR, NPF, and BOPO on the Profitability of Sharia Banks in Indonesia (Case Study of Mandiri Sharia Banks for the 2008-2017 Period). Scientific Journal, 1(1), 1–13.
Ridwan, R., Sugianto, S., & Setyawati, E. (2021). The Effect of TPF, NPF and Fee Based Income on the Profitability of Islamic Banks with Financing as an Intervening Variable. Budapest International Research and Critics Institute (BIRCI-Journal): Humanities and Social Sciences, 4(2), 1758–1771. https://doi.org/10.33258/birci.v4i2.1849
Saputri, I. W., & Arinta, Y. N. (2022). The Influence of Car, Nom and Murabahah Financing on the Financial Performance of Sharia Commercial Banks with Company Size as a Moderating Variable. Journal of Masharif Al-Syariah: Journal of Sharia Economics and Banking, 7(1), 231–252.
Satria, D. I., & Saputri, H. (2016). The Effect of Murabahah, Mudharabah and Musharakah Income on Return on Equity of PT Bank Syariah Mandiri. Journal of Visionary & Strategis, 5(2), 1–16. www.syariahmandiri.co.id
Septianah, A. D., & Vahlevi, D. R. L. (2021). Analysis of the Procedure for Receiving and Disbursing Zakat Infaq Shodaqoh and Waqf (Ziswaf) Funds at the Yatim Mandiri Cab Foundation. PALEMBANG. Ico Edusha, 02, 533–543.
Yokoyama, E. P., & Mahardika, D. P. K. (2019). The Effect of Non-Performing Financing (NPF), Return On Asset (ROA), and Financing to Deposit Ratio (FDR) on Capital Adequacy Ratio (CAR) (Case Study on Sharia Commercial Banks in Indonesia Registered with the Financial Services Authority). Jimea, 3(2), 28–44. https://doi.org/10.31955/mea.vol3.iss2.pp